You may need to visit a client in other city and need to stay overnight. Or perhaps you need to attend a course, a seminar or a fair in another country. What expenses can you include in your books?
Is a dinner with a potential client a deductible expense? What about if you decide to give a present to your employees for Christmas or other holidays, or you host a company dinner at the end of your work season?
Some type of expenses fall in a grey area: those for which it is difficult to draw the line between business and personal use. What to do in this case?. Take your car and its petrol, for example. How to offset the petrol against tax? What if you buy a car?
Including a non-deductible expense in your accounts can end up in an increment of the tax liability ( when it is removed) and a fine. Find here a list of expenses that you cannot include in your books.
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